ari webinar powerpointweb
TRANSCRIPT
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•Unemployment•Outsourcing•Technology
College Money System.com Dusty Rollins
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What is the Problem?Economy
Boomers working longer
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Student LoansAbout to pass $1,000,000,000,000
Last 10 years grew 500%, consumer debt grew 100%
Student loan debt greater than credit card balances
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Career and MajorsMany students don’t pick marketable majorsJust getting the college degree isn’t what it
used to beMc Jobs and heavy debtLaw students suing their alma mater for lack
of jobs
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Rising TuitionLast 10 years – College costs have gone up
right at 100%...
What else has inflated this much in 10 years?
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Cost of AttendanceAverage Public ---
Average Private ---
Many times you can go to Private for same out of pocket as Public
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COA $19,830
Bright Futures and Pre Paid ---About $7000 to $8000Where does the other $12,000 per year
come from?
Bright Futures now requires FAFSA
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The Question is…Where are you going to get the money?
If you have the money to pay,
Would you like to know how to save more and not get ripped off by the colleges?
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Colleges and GovernmentThey are not on your side…it’s a business
Enrollment Management
Inflated value of their degree
Recruiting out of state students –bigger tuition
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Financial AidMerit
Need based
Debt
Job
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Expected Family ContributionEFCParents income and assestsStudents income and assetsAmount above EFC --- lots of debt and job
Amount below EFC --- where are you going to get the money and the CashFlow?
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Why I do what I do…PARENTS Govt burden, Parental care,Retirement, debt & CashFlow, lifestyle
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True COA…5 years to graduate
Poor job market, low paying jobs
Change major or change schools
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The BIGGEST single expense in paying for College is…..The IRS…..They are your partner in everything you do!When you pay for college, most people pay
with AFTER tax dollars….If you need to come up with $200,000 for
college and you are in a 33% tax bracket.You must earn $266,000 just to pay the
$200,000
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The Second BIGGEST expense in paying for College is….OPPORTUNITY COSTSVERY few financial experts even know about
this concept, let alone how to STOP it!!!Every dollar you spend, you never get back.
And you lose the dollar and WHAT the dollar could have earned IF you had it invested
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Credit Cards
Credit card balance $10,000 Credit card interest rate 18%Investment Rate of Return
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Opportunity Costs
Amount of interest you payYear 1 20 40$1972 $39,433 $78,866
Potential had you been able to invest the Interest
$1972 $90,226 $510,767
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How will you pay for College?
And
How will you manage the CashFlow?
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Cash(flow) is King…In business, often CashFlow is more vital to
keeping things running than lump sums of money.
Wal Mart has BK’d companies because the companies couldn’t keep up with them, CashFlow wise…
If you have strong CashFlow, you can survive just about ANYTHING!!!
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Four Areas we work on with Parents, Grandparents, and Students
1. Student Planning
2. Income Planning
3. Asset Planning
4. CashFlow Planning
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Student PlanningMatch the student to career, career to major,
major to college….MCP – values based career planningApplywise – structured process for
admissionsACT/SAT prep – the right coursesStudy skills for college – transition from HS
to College
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INCOME PLANNINGFinancial Aid is income basedTaxes have a huge impact on costsMake sure you have your finances structured
in the best way to take advantage of all the Financial Aid possibilities…
Our strategies work with YOUR tax advisor or you can get a second opinion from ours.
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ASSET PLANNINGIf your assets are in the wrong vehicles, they
can count against Financial Aid and cost you big bucks!
There are legal ways to structure your assets so that you aren’t punished by Financial Aid
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CASHFLOW PLANNINGPay off debt in half the time, with little
change to your lifestyle
Save thousands of dollars in interest charges…and remember, when you save a dollar you didn’t have to pay out, you keep the dollar and EVERYTHING that dollar can earn for you….
Simple SOFTWARE --- over $3000 value
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Who can help you with all this?CPA, Financial Advisor -- why haven’t they already
helped you figure this out?
Guidance Counselor -- they are good people, just over worked and NOT trained in finances
Colleges – Enrollment management, award letters appeal
Government – Federal loans are driving up the costs of college (bubble just like RE market)
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Irresistible Offer only for Ari’s friends and clients…One to one coaching process….Fill out a quick survey….then
Talk for 1 full hour, with me not an assistant.
You get a plan, next steps, and areas to focus
CF software ($3000 value!)
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What You Get…You will get a plan worth much more than the
cost…
You can’t learn what I know for less than I charge….
After we talk, you will see the value and you will know if it is right to go own the next step with me.
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Start now…DIY --- the more you know, the less you pay2 paths --- kids 14 and under
kids 15 and overThe younger your kids, the better it is….
It is never too early to come see me and it is NEVER, NEVER too late…
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Your Money Back!I can show you how to set up a TRUE college
savings plan that allows you to pay for college.
And then over time, get ALL YOUR MONEY BACK !!!
It is not Free, but you get your money back!